A recent letter dated June 19, 2009, from Ohio's Attorney General, Richard Cordray, to the Sheriff of Lawrence County, outlines for us the protections established for tenants of properties that have been forclosed upon. For your information, the pertinent remarks are quoted herein:

"The Protecting Tenants at Foreclosure Act allows any renter living in a residential property that is sold at a foreclosure sale on or after May 20, 2009 to remain in the home for at least 90 days. The law also requires that a tenant with a current lease can remain until the lease expires; the lease can only be terminated early if the new owners are going to make the property their primary residence. Even then, 90 days notice must be given.

The only exceptions to the protections in the new law are for leases entered into with the mortgagor who was foreclosed on (or their children, spouse, or parents); leases that are not the product of an arms length transaction; and leases for a rental amount that is substantially less than fair market value. Congress also provided that the protections of the law last only until December 31, 2012, at which point they are terminated."